Tender Notification for BSES YAMUNA POWER LTD (BYPL) FOR

Transcription

1 Tender Notification for BSES YAMUNA POWER LTD (BYPL) FOR Renewal of Life and other related policies for the period 01 st April 2019 to 31 st March 2020 Tender No: DATE OF SUBMITTING OF BIDS 1-March-2019 DATE OF OPENING OF TECHNICAL BID 1-March HRS 1630 HRS IMPORTANT NOTE RECEIVER OF THIS TENDER DOCUMENT IS ADVISED TO CHECK AND ENSURE COMPLETION OF ALL PAGES OF TENDER DOCUMENT AND REPORT TO THE ISSUING AUTHORITY ANY DISCREPANCY BEFORE RFQ DATE FOR CORRECTIVE ACTION, IF ANY BEFORE THE BIDS ARE SUBMITTED. THE TENDERER IS REQUIRED TO SPECIFICALLY MENTION IN A DEVIATION STATEMENT THE CLAUSES OF THE TENDER THAT ARE NOT ACCEPTABLE IN THEIR PRESENT FORM AND ALSO THE DEVIATION SOUGHT, IF ANY, IN CASE THERE IS NO DEVIATION, THE TENDERER SHALL CLEARLY CERTIFY THE SAME IN THE NO-DEVIATION STATEMENT AS WELL AS IN THE FORWARDING LETTER. IT IS EXPECTED THAT THE DEVIATIONS (IF ANY) SHALL BE BARE MINIMUM AND OFFERS WITH UNACCEPTABLE DEVIATIONS ARE LIABLE TO BE REJECTED WITHOUT ANY FURTHER DISCUSSIONS.

2 INTRODUCTION BSES Yamuna Power Limited in Delhi Following the privatization of Delhi s power sector and unbundling of the Delhi Vidyut Board in July 2002, BSES Yamuna Power Limited (BYPL) got license to distribute power in central and eastern part of Delhi. The Company acquired assets, liabilities, proceedings and personnel of the Delhi Vidyut Board as per the terms and conditions contained in the Transfer Scheme. The BSES Yamuna Power ltd is the joint venture of Reliance Infrastructure Ltd & Government of NCT of Delhi. BYPL distributes power to an area spread over 200 sqkms. Its 15 Lakh customers are spread over 14 districts across Central and East areas including Chandni Chowk, Daryaganj, Paharganj, Shankar Road, Patel Nagar, G T Road, Karkardooma, Krishna Nagar, Laxmi Nagar, MayurVihar, Yamuna Vihar, NandNagri and Karawal Nagar

3 CONTENTS OF THE TENDER DOCUMENT 1. SECTION I- Request for Quotations (General Instructions to Tenderers) 2. SECTION II- General Conditions of the Contract 3. SECTION III- Special Terms and conditions 4. SECTION IV- Claim Sheets with policy current data 5. SECTION V- Annexures I to V 5.1 Annexure I- Undertaking 5.2 Annexure II- Demography and Terms 5.3 Annexure III- Deviation Statements 5.4 Annexure IV- Declaration Statements 5.5 Annexure V- Certificate of declaration for confirmation of regulatory guidelines. 6. SECTION VI- Price Bid Format (Annexure VI)

4 SECTION I REQUEST FOR QUOTATION 1) Event Information BSES YAMUNA Power Ltd (hereinafter referred to as BYPL ) invites sealed tenders in 2 envelopes for Renewal of Group Term Assurance & other life Policies. The following are the policies: 1. Group Term Assurance Insurance Policy (Death Cover) 2. Employee Deposit Linked Insurance Policy 3. Future Service Gratuity Cover Note: The commercial bid will be evaluated separately for each and every policy and the above 3 policies will not be a package The schedule of specifications with detail terms & conditions can be obtained from address given below. The tender documents & detail terms and conditions can also be downloaded from company's website Offers will be received up to DATE P.M. at the address given below. Part A of the Bid shall be opened on P.M. Part B of the Bid will be opened in case of Techno-Commercially qualified Insurers and the date of opening of same shall be intimated to the Techno-Commercially qualified Insurers in due course. It is the sole responsibility of the Insurer to ensure that the bid documents reach this office on or before the due date. Head of Department, Contracts & Material Department, 3 rd Floor, A Block, ShaktiKiran Building, Karkaradooma, New Delhi BYPL reserves the right to accept/reject any or all Tenders without assigning any reason thereof and alter the values for Insurances / Coverage with suitably. 2.0 GENERAL INSTRUCTIONS TO TENDERERS 2.1 This tender, shall be duly signed & stamped on each page and submitted in a sealed envelopes in two parts i.e. both Technical bid and the other one being the financial bid. 2.2 BID EVALUATION CRITERIA (Following Document To be submitted in the Technical Bid envelop) Insurer should be registered Indian Insurer in accordance with the INSURANCE ACT and approved by IRDA as Life Insurer and should have license to carry out Insurance business in INDIA under LIFE Insurance sector and having minimum five years experience in as on Insurer should have an Average Turnover of not less than Rs Crs for preceding Three (3) Financial Years. 2.4 Bidder should have Claims Settlement Ratio Percentage above 85% during last 3 financial years to Bidder should have a solvency ratio equal to or more than the value as stipulated by IRDA as on 31- March Bidder should have a minimum Average NET WORTH of 500 Crores for Last 3 Financial Years i.e , to Optional: A certificate can be obtained from a Chartered Accountant for the above points except point number 2.2, to be submitted in the Technical Bid envelope. 2.8 One Insurance company can t quote more than one quote through its different offices. In this case all bids will be rejected.

5 3. MARKING OF ENVELOPES & BID SUBMISSION 3.1. The tender should be submitted in two separate sealed envelopes for both Technical & price Bids as follows: Envelope 1 (Techno commercial) NIT NO- CMC/BY/18-19/RB/PA/095 TECHO-COMMERCIAL BID FOR RENEWAL OF GROUP TERM ASSURANCE POLICY & Other Related Policies Envelope 2 NIT NO- CMC/BY/18-19/RB/PA/095 N (Price Bid) PRICE BID FOR RENEWAL OF Group Term and Other Related policies N Note: These envelopes will be put in a larger envelope super scribing on this envelope TECHNICAL AND PRICE BIDS FOR RENEWAL OF GROUP TERMS AND OTHER RELATED POLICIES This large envelope should state the name of the bidding and its contact details. No copy of the bid is required. A non-refundable tender fee of INR 1,180/- (including GST) is to be submitted via Demand Draft payable in the name of BSES YAMUNA Power Ltd to be submitted with technical bid. 4. Documents to be submitted in the Technical Bid: a) Documents for renewal of Group term and other related policies as mentioned in point number from 2.1 to 2.7 as mentioned above. b) Undertaking Annexure I c) Deviation Statement Annexure III d) Declaration Statement Annexure IV e) Certificate of Declaration for Confirmation of IRDA guidelines Annexure V f) Documentary evidence in support of qualifying criteria as per point number 2 mentioned above g) Original Tender documents duly stamped & signed on each page as token of acceptance h) Organization chart of the Insurer indicating the Key personnel who are responsible for handling the policy and settlement of claims along with their names, addresses, contact telephone numbers (office & Residence), fax numbers and addresses 4.1 Documents to be submitted in the Price Bid: Only Price is to be given with Price format (section VI) attached. No other document to be submitted with price bid. The tenders shall be addressed to the official inviting Tenders by designation and sent at the following address: Head of Department, Contracts & Material Department, 3 rd Floor, A Block, ShaktiKiran Building, Karkaradooma, New Delhi Both the Technical and Price Bid envelopes can be submitted at the following Head of Department, Contracts & Material Department, 3 rd Floor, A Block,

6 ShaktiKiran Building, Karkaradooma, New Delhi Contact Information The policies will be serviced by our exclusively mandated broker M/S Howden India Insurance Brokers Pvt Ltd. All the bidders are requested to send their pre bid queries (If any) against this tender through within the stipulated timelines. Concerned Official Details for this tender From Howden Insurance Brokers Neha Dang ( ) Tapan Simlai ( ) From BSES YAMUNA Power Pvt. Ltd. Ms. Priti Aggarwal ( ) 5.1 The tender shall be addressed to, Head of Department, Contracts & Material Department and sent by "COURIER / REGISTERED POST / BY HAND" with adequate allowance for any delivery delays. The tenders received after the Due Date and time of Submission are liable to be rejected. At times courier delivered to our DAK receiving section and there may be a time lag before it reaches us. Tenderers are advised to confirm, before time due for opening that their offer has reached the officer inviting it or his nominee. 6. Tenders shall be opened at the time and date as specified in the tender notice in the presence of such of those Insurers or their authorized representatives who may choose to be present. - Authority Letter required for the attending official. 7. Insurers/Authorized Officer must fill up all the schedules and furnish all the required information as per the instructions given in various sections of the tender specification, failing which tender is liable to be rejected. 8. The Insurers shall quote the rates both in English words as well as in Figures. In case of difference in rates between words and figures, THE LESSER OF THE TWO shall be treated as valid rate. In case of any error in posting the sub-total to the summary sheet or arithmetic error in the sub-total and total, the sub-total will be taken as correct and total will be calculated taking into account the corrected sub-totals. In case of calculation errors, BYPL s decision will be final and binding on the Insurer and may even lead to rejection of the tender. 9. All corrections and insertions shall be duly counter-signed by the authorized signatory of the Insurer. The Insurers shall closely peruse all the clauses and specifications indicated in the Tender Documents before quoting. Only such clarifications that are issued after discussions on technical deviations and which affect the tender stipulations in a substantial manner will be made known to rest of the Insurers before opening the bid. Insurers may contact us before scheduled opening of the Price Bid to find out whether any clarifications have been issued or not, so as to eliminate chances of the same having not reached the right person/ office despite their dispatch by us. 10. NO DEVIATIONS TO THE TENDER CONDITIONS WILL NORMALLY BE ALLOWED. HOWEVER, IF THE TENDERER SEEKS CERTAIN DEVIATIONS TO THE REQUIREMENTS APPEARING IN THE FOLLOWING SECTIONS BYPL RESERVES THE RIGHT TO ALLOW OR DISALLOW THE SAME. HOWEVER IF THE TENDERER INSISTS FOR THE SAME, THE BID MAY NOT BE CONSIDERED

7 11. BSES can hire people who are above its normal age of retirement & many employees are also given extension beyond normal age of retirement. All policies should cover these employees as well. There are already few of the employees which are covered under the expiring policies who are above the normal retirement age and these are to be covered in all the policies as well. 12. Validity of offer: The selection / short listing of insurer are being done for renewal of Group Term & other related policies Policy expiring on 31 st March, OFFER SUBMITTED BY THE INSURER SHALL BE KEPT VALID FOR A PERIOD OF TWO MONTHS FROM THE DATE OF OPENING OF TECHNICAL BID / AND OR 31 st March 2019, WHICH EVER IS LATER. 13. STEPS IN THE PROCESS OF THE TENDER BY BYPL 13.1 Technical Qualification: As a first step of evaluation process, technical bid of all the Insurers shall be opened & scrutinized with a view to determine technical acceptability of the offers and to check submission of the required documents. If required, Insurers shall be called for technical discussions Issue of clarifications, if applicable and to be communicated in writing 13.3 Opening of price bids 13.4 Price Bid Evaluation: The bids will be evaluated technically on the compliance to tender terms and conditions. The bids for each policy will be considered separately and not as a package, meaning lowest one (L1) price of individual policy quote will be considered for awarding the particular policy. Insurer quoting lowest price and adhering to tender stipulations in an unqualified manner will normally be declared L-1 bidder for that particular policy. 14. AUTHORISATION AND ATTESTATION Tenders shall be signed by persons duly authorized/empowered to do so. A certified copy of the letter of authorisation should be attached herewith.

8 SECTION II GENERAL CONDITIONS OF THE CONTRACT 1.0 LAW GOVERNING THE CONTRACT AND COURT JURISDICTION The Contract shall be governed by the Law for the time being in force in the Republic of India. The Civil Court at New Delhi, having ordinary Original Civil Jurisdiction shall alone have exclusive jurisdiction in regard to all claims in respect of this Contract. 2.0 Documents to be submitted by the successful Insurer: In addition to other requisite documents, the following will also be submitted by the successful Insurer. 1. Sets of claim forms 2. List of documents needed for settlement of each type of Claim 3. Contact details: (Number, mobile No, Id) of dealing persons at Servicing Office & Head Office 3.0 Insurer will have no right to cancel the policy before the expiry of the policy period. Any stipulation in this regard in the policy terms and conditions shall be deemed to be null and void. 4.0 In case of tariff violation, the Insurer will be liable to pay the difference in the premium to the regulator. The Insurer will handle the dispute, if any, with the tariff Advisory Committee DIRECTLY and BSES, will not be, in any way, party to it. 5.0 FORMATION OF POLICY/CONTRACT: All the documents issued by BSES as well as accepted by it up to the stage of premium payment will form part of the policy. Some of the examples are: Tender Document, Technical/ Price Bid, MOM, MOU, Deviation Statement etc. 6.0 Insurer shall submit Insurance Policy document to Corporate Office, Nehru Place within 15 days after the date of renewal of policy. 7.0 If the Insurer gives wrong information in his tender, BSES reserves the right to reject such tender at any stage or to cancel the contract, if awarded. The MOU which will be evolved out of the documents exchanged is from tender to expression of intent will be required to be signed within 3 days of LOI. 8.0 Canvassing in any form in connection with the tender is strictly prohibited and the tenders submitted by the Insurer who resorts to canvassing are liable to be rejected. 9.0 Award Decision a. Company intends to award the business on a lowest bid basis, so Insurers are encouraged to submit the bid competitively. b. The Company reserves all the rights to award the contract to one or more Insurers so as to meet the requirement or nullify the award decision without any reason. c. In case any Insurer is found unsatisfactory during the execution process, the award will be cancelled and BYPL reserves the right to award other Insurer who are found fit.

9 10.0 ARBITRATION To the best of their ability, the parties hereto shall endeavour to resolve amicably between themselves all disputes arising in connection with this Contract order. If the same remain unresolved within thirty (30) days of the matter being raised by either party, either party may refer the dispute for settlement by arbitration. The arbitration to be undertaken by two arbitrators, one each to be appointed by either party. The arbitrators appointed by both the parties shall mutually nominate a person to act as umpire before entering upon the reference in the event of a difference between the two arbitrators and the award of the said umpire in such a contingency shall be final and binding upon the parties. The arbitration proceeding shall be conducted in accordance with this provisions of the Indian Arbitration & Conciliation Act, 1996 and the venue of such arbitration shall be city of New Delhi only. GENERAL TERMS AND CONDITIONS The following terms and expressions shall have meaning hereby assigned to them except where the context otherwise requires. 1.1 BYPL INSURED shall mean BSES YAMUNA Power Ltd, a Company registered under the Indian Companies Act 1956, with its Registered Office at Shaktikiran Building, Karkardooma, New Delhi or its Authorized Offices or its Engineers or other employees authorized to deal with any matters with which these persons are concerned. On its behalf 1.2 Insure / Insurers /Tenderers / Underwrites shall mean the company who submits the tender and enters in to contract with BYPL and shall include their executors, administrators, successors and permitted assigns. 1.3 CONTRACT or CONTRACT DOCUMENT shall mean and include the policy, the work order, the accepted appendices of rates, Instruction to tenders, General Conditions of Contract special condition of contract and the letter of intent / Acceptance letter issued by BYPL Any conditions or terms stipulated by the Insurer, in the tender documents or subsequent letter shall not form part of the contract unless specifically accepted in writing by BYPL. 1.4 GENERAL CONDITIONS OF CONTRACT shall mean the instruction to Tenderers and General Conditions of Contract pertaining to the work detailed. 1.5 TENDER SPECIFICATIONS shall mean the Special Conditions, Technical Specifications, appendices and site information pertaining to the work for which the Underwrites are required to submit their offers. Individual Specification Number will be assigned to each tender specification. 1.6 TENDER DOCUMENTS shall mean the General Conditions of contract (clause no.1.4 above) and Tender Specification (clauses no 1.5 above) 1.7 LETTER OF INTENT shall mean the intimation by a letter / to the Underwrite that the responsibilities of the Underwrite commence from the date of issue of this letter and all the terms and conditions of contract are applicable from this date. 1.8 COMPLETION TIME shall mean the policy period by date specified in the letter of intent or date mutually agreed upon for handling the policy and found acceptable by the Officer In charge being of required standard and conforming to the specification of the contract. 1.9 APPROVED DIRECTED or INSTRUCTED shall mean approved directed or instructed by BYPL CLAIM shall mean intimation of loss communication to the insurer verbally / telephonically followed by written communication.

10 1.12 SURVEYOR shall mean the independent loss Assessor appointed by the insurer with the consent of insured to assess the loss within the framework of contract and policy document only. Insurer has to provide a panel of surveyors with their credentials to BYPL for approval after placement of order on them SINGULAR and PLURAL etc Words carrying singular number shall also include plural and vise versa where the context so requires. Words imparting masculine gender shall betaken to include the feminine gender and words-imparting persons shall inculcate.any Company or Association or Body of Individuals, where incorporated or not HEADINGS' the headings in these General Conditions are solely for the purpose of Facilitating reference and shall not be deemed to be part thereof or be taken into consideration in the interpretation or construction thereof or the contract 'MONTH' shall mean calendar month 'WRITING' shall include any manuscript, type written or printed statement under the signature or seal as the case may be LAW GOVERNING THE CONTRACT AND COURT JURISDICTION The Contract shall be governed by the Law for the time being in force in the Republic of India. The Civil Court at New Delhi, having ordinary Original Civil Jurisdiction shall alone have exclusive jurisdiction in regard to all claims in respect of this Contract ISSUE OF NOTICE The Insurers shall furnish to the Officer In charge, the name, designation and address of His authorized agent. All complaints, notices communications and references shall be deemed to have been duly given to the Insurers, if delivered to the Insurer or his authorized agent or left at or posted to the address either of the Insurer or his authorized agent and shall be deemed to have been so given in the case of posting on the day on which they would have reached such address in the ordinary course of post or at which they were delivered or left.

11 CLAIM SUMMARY (GROUP TERM ASSURANCE POLICY) SECTION - IV Claims Summary for Life policies S.NO. Year Number of Claim Amount (INR Claim Lakhs) 1 14 th Jan 2015 to 13 th Jan th Jan 2016 to 31 st March (up to 31 st December 2018) CLAIM SUMMARY (EDLI Policy) S.NO. Year Number of Claim Amount (INR Claim Lakhs) Death (up to 31 st December 2018) 1 Death 6.02 CLAIM SUMMARY (FSG Policy) S.NO. Year Number of Claim Deaths Nil Nil (up to 31 st December 2018) 1 Death

12 ANNEXURE I Undertaking We undertake to settle all the pending claims of entire BYPL within three months from the expiry date of the policyas awarded to us, we understand that failure to do so might affect our prospects with BYPL adversely. For and on behalf of Insurer (Signature & seal of Authorized Signatory)

13 ANNEXURE II Demography Data Complete List can be sent on on request. CURRENT GROUP TERM ASSURANCE POLICY DEMOGRAPHIC DATA (TABLE-A) Current Grade Functional Head Sum Insured Per Head In INR Lakhs Count of People in the Age Band of Above 65 Grand Total Total Amount Covered In INR Lakhs Officer Other staff , Senior 20 Officer Grand Total , EDLI POLICY DEMOGRAPHY (TABLE-C) Sum Insured Above 65 Grand Total

14 DEMOGRAPHY DETAILS FOR FSG Policy (TABLE-D) Designations Grand Total Additional Vice President ALM Asst. Vice President Asst Energy Recorder Asst Manager CEO 1 1 Deputy General Manager Engineer General Manager Jr Clerk Jr Clerk(T.O.) Jr Lineman Jr. Cash Clerk Junior Supervisor Lineman Manager Officer Senior Supervisor Senior Manager Sr.Executive Vice President 1 1 Sr.Vice President Supervisor Vice President Grand Total

15 Group Term Life- POLICY *Name of Client M/s. BSES YAMUNA POWER LIMITED *Policy Period 01-April-2019 to 31st No. of Lives at inception 2158 Industry Expiring Insurer BAJAJ ALLIANZ LIFE INSURANCE Expiring FCL INR 75,00,000 *Claim Details POLICY TERMS Mentioned Above Base Sum Assured details Graded Sum Insured No. of Lives covered 2058 Total Base Sum Assured 478,85,00,000 Death Coverage Covered Suicide covered from day-1 Covered Terrorism Risk Covered Active at work clause Min Age at Entry Max Age at Entry Option 1: As on expiring terms Waived for all existing employees & applicable for new joiners 18 Years 80 Years

16 GTL-Future Service Gratuity POLICY *Name of Client M/s. BSES YAMUNA POWER LIMITED *Policy Period 01-April-2019 to 31st No. of Lives at inception 745 Industry Expiring Insurer ICICI PRUDENTIAL. Expiring FCL INR 10,00,000 *Claim Details Mentioned Above POLICY TERMS Base Sum Assured As per the data provided No of Lives covered 731 Total Sum Assured 49,76,55,468 Death Coverage Covered Suicide covered from day-1 Covered Terrorism Risk Covered Active at work clause Min Age at Entry Retirement Age- Option 1: As on expiring terms Waived for all existing employees & applicable for new joiners 18 Years 64 Years BSES can hire employees who are above its normal age of retirement & many employees are also given extension beyond normal age of retirement these employees will be covered under the policy. There are already few of the employees which are covered under the expiring policy who are above the normal retirement age and these are to be covered in the proposed policy.

17 EDLI POLICY *Name of Client M/s. BSES YAMUNA POWER LIMITED *Policy Period 01-April-2019 to 31st Industry Expiring Insurer ICICI PRUDENTIAL LIFE INSURANCE Expiring FCL 6,02,000 *Claim Details Mentioned below POLICY TERMS / INSURER NAME Option 1: As on expiring terms Base Sum Assured Flat cover of INR 6,02,000 No of Lives covered 731 Total Sum Assured 44,00,62,000 Death Coverage Covered Suicide covered from day-1 Covered Terrorism Risk Covered Active at work clause Min Age at Entry Max Age at Entry Waived for all existing employees & applicable for new joiners 18 Years 80 years

18 ANNEXURE III DEVIATION STATEMENT (PI. strike off the clause which is not applicable and tick the other) THIS IS TO DECLARE THAT WE DO NOT HAVE ANY DEVIATIONS IN THE STIPULATIONS OF YOUR TENDER AND ACCORDINGLY ACCEPT ALL THE STIPULATIONS WITHOUT ANY RESERVATIONS WHATSOEVER. WE HAVE NOTICED THE FOLLOWING CONTRADICTION/ DISCREPANIES IN/ BETWEEN THE TENDER STIPULATIONS. A) Para no... section... B)...Para no section C) Para no... Section. OR (Signature of the Insurer)

19 ANNEXURE IV DECLARATION SHEET We (name of insurance company) having registered office Hereby certify that all the information and data furnished by me with regard to this Tender No: NIT No- CMC/BY/18-19/RB/PA/095 Dated 09-Feb-2019 is true and complete to the best of my knowledge. I have gone through the specifications, conditions and stipulations in detail and agree to comply with the requirements and intent of specification. I further certify that I am the duly authorized representative of the under mentioned Tendered and a valid power of attorney to this effect is also enclosed. Authorized Representative Signature Name Address

20 ANNEXURE V CERTIFICATE OF DECLARATION FOR CONFIRMATION OF REGULATORY GUIDLINES We (name of insurance company) having registered office Hereby certify that Tender No: NIT No-CMC/BY/18-19/RB/PA/095 Dated 09-Feb-2019 does not Breach of Insurance Act/Regulatory/TAC and guidelines applicable in INDIA, we further confirm that in the event of disclosure at a later stage that the same is in Breach and BYPL is put to any disadvantage or face cancellation of the Policy or any claim becomes substandard/untenable, the whole liabilities arising out of this shall lie wholly on us and will bear all consequences thereof. I further certify that, I am the duly authorized representative of the Insurance company and am competent to agree as above and a valid power of attorney to this effect is enclosed. I, further certify that there is no tariff violation if applicable. In case some violation is pointed out at a later date, the same shall be taken care of in line with clause 12 of Section I. Authorized representative Signature Name Address

21 ANNEXURE - VI To be filed in a separate envelope - on covering of envelope Envelope should be marked as "Financial Bid for Group Term & other related life Policies" Tender No: NIT No-CMC/BY/18-19/RB/PA/095 Dated 09-Feb-2019 The following format should be followed for all the policies separately. S.NO Type of Policy vis-a-vis Risk Coverage Salient features / covers of the policy ( To be filled by the bidderseparate annexure to be attached if required) Proposed Policy Period Total Sum insured Policy Rate Total Premium without GST 1 2 Group Term Life Policy for 2,058 employees GTL-Future Service Gratuity Policy for 731 employees to 31st March ,85,00, to 31st March ,76,55,468 3 EDLI Policy for 731 employees to 31st March ,00,62,000 NOTE: - Midterm addition / deletion of employees are allowed for new joiner / retiring employee on monthly basis. The pro rata premium shall be paid /refund by the Insurance Company accordingly, the figures of the employees given are tentative and final list of the employees will be given before the expiry of the Policy. BSES can hire employees who are above its normal age of retirement & many employees are also given extension beyond normal age of retirement these employees will be covered under the policy. There are already few of the employees which are covered under the expiring policy who are above the normal retirement age and these are to be covered in the proposed policy.